CTEL Hong Kong Television Network Ltd. (MM)

Hong Kong Broadband Network Ltd ("HKBN"), a wholly owned subsidiary of City Telecom (HK) Limited (HKSE:1137) (Nasdaq:CTEL), is pleased to announce the partnership with Yahoo! Hong Kong (www.yahoo.com.hk), the leading internet portal in Hong Kong[i], to provide the most dynamic, relevant and updated online video news content to HongKongers. Through this partnership, bbTV news channel will provide quality online news content to Yahoo! Hong Kong news platform daily, ranging from focus news, feature, financial analysis and weather forecast.

The launch of bbTV news content in Yahoo! Hong Kong was warmly welcomed by HongKongers. The special feature story "innovative idea of the anti-breast cancer promotion" has recorded more than 190,000 clicks.

HKBN's bbTV News Controller, Mr. Earnest Li said, "Rather than restrict our news to just our IP-TV subscribers, we want to make our news available to all HongKongers globally. As such, we are very pleased to join hands with Yahoo! Hong Kong to provide comprehensive and personalized news story which cater to the market demand." He added, "We are dedicated to inspire people to make their best choice out of their life, with our unique and inspiring news information."

Yahoo! Hong Kong was established in 1999 and has been the No. 1 local portal in terms of user reach and home for internet users for eleven consecutive years. Yahoo! Hong Kong reaches over 80% of the 4 million internet population in Hong Kong.

Mr. Alfred Tsoi, Vice President and Managing Director of Yahoo! Hong Kong said, "Yahoo! Hong Kong has been dedicated to providing users with personally relevant and meaningful online experiences. Yahoo!News commits to provide our users the most relevant news that matter to them most. We believe the video news content partnership with HKBN would enhance the news content on Yahoo! Hong Kong's news portal and further strengthen its position as the dynamic online information hub for Hong Kong users." 

To view bbTV news at Yahoo! Hong Kong, please visit: http://hk.video.news.yahoo.com/video

Yahoo! News: hk.news.yahoo.com/

[i]According to a comScore report in October 2010, Yahoo! Hong Kong Portal's user reach is 85% and Yahoo! Hong Kong is the No.1 mail, portal and search engine in Hong Kong in user reach.

For the full Press Release, please download at: http://reg.hkbn.net/ctigroup_admin/files_upload/PR_HKBNnewsYahoo_E.pdf

CONTACT:  Hong Kong Broadband Network Ltd
          Corporate Communications
          Ms. Jessie Cheng
            +852 3145 4118
            Fax: +852 2199 8372
            chengcm@ctihk.com
          Investor Engagement
          Ms. Peggy Chan
            +852 3145 6068
            Fax: +852 2199 8655
            investor_engagement@ctihk.com
         
          Yahoo! Hong Kong
          Ms. Lisa Tam, Senior Public Relations Manager
            +852 2837 6370
            Fax: +852  2504 3362
            lisatam@yahoo-inc.com
          Ms. Esme Chau, Public Relations Executive
            +852 2837 6287
            Fax: +852 2504 3362
            esmechau@yahoo-inc.com